How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 508.82

+0.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dave who wrote (55254)	1/16/2001 6:52:16 PM
From: DiViT	Read Replies (1) of 74651

More Linux worries?... VA Linux Warns of Growing Losses FREMONT, Calif. (Reuters) - VA Linux (news - web sites) Systems (NasdaqNM:LNUX - news), the developer of software and products for the Linux computer operating system, on Tuesday lowered revenue and earnings expectations for its fiscal quarter ended January 27, 2001, citing overall economic weakness. The company estimated revenues for its second fiscal quarter at $43 million to $50 million and said its loss for the quarter, excluding noncash charges, will be in the range of 24-28 cents a share. Wall Street analysts on average had expected a loss of 14 cents a share. ``We are in the midst of an overall economic slowdown which is affecting all of our sources of revenue, ranging from Linux servers to Web advertising banner sales,'' company Chief Executive Officer Larry Augustin said in a statement. Given the slowdown, VA Linux lowered its guidance for year-over-year fiscal 2001 revenue growth to 60 percent from its previous estimate of 125 percent. The company also warned that current economic conditions are creating a difficult pricing environment resulting in lower gross margins and said it intends to focus on higher margin business and to manage expense levels. dailynews.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next